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Bingel [31]
3 years ago
10

To obtain the dollar sales volume necessary to attain a given target profit, which of the following formulas should be used? Mul

tiple Choice (Fixed expenses + Target net profit)/Total contribution margin (Fixed expenses + Target net profit)/Contribution margin ratio Fixed expenses/Contribution margin per unit Target net profit/Contribution margin ratio
Business
1 answer:
steposvetlana [31]3 years ago
6 0

Answer:

(Fixed expenses + Target net profit)/Contribution margin ratio

Explanation:

The formula to compute the dollar sales volume for attaining the target profit is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin ratio)

where,

Fixed expenses = Fixed cost

Target profit = The budgeted profit

And, the contribution margin ratio is

Contribution margin ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

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The managers at Harris Pizza in Boston have tracked the tips received by their drivers along with the total bill to the customer
Marina86 [1]

Answer:

Scatter Diagram.

Explanation:

Scatter Diagrams are convenient mathematical tools to study the correlation between two random variables. As the name suggests, they are a form of a sheet of paper upon which the data points corresponding to the variables of interest, are scattered.

3 0
2 years ago
Zinc, Inc. has 10,000 shares of $5 par, 5% preferred stock, and 5,000 shares of $10 par common stock issued and outstanding. If
Anna11 [10]

Answer:

A. 2500

Explanation:

10,000 shares x $5 x .05= 2500

8 0
3 years ago
Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
frozen [14]

Answer:  Debit Petty cash $408; Credit Cash $408.

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In the instance of the question, the petty cash is $460 and within September, total expenses of $316 were incurred and paid for, leaving a balance of $144. However, the accountant determines that this cash should be increased by $92 on 1 October, so reimbursement to the fund would be the amount already spent ($316) and the proposed increment ($92), making $408.

5 0
3 years ago
In May of 2021, Raymond Financial Services became involved in a penalty dispute with the EPA. At December 31, 2021, the environm
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Answer:

$914,000

Explanation:

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2 years ago
A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n): Group of answer choices decr
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8 0
2 years ago
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